Bullish Moving Average Cross by PACCAR (PCAR)
Today, shares of PACCAR (NASDAQ:PCAR) have crossed bullishly above their 10-day moving average of $56.26 on a volume of 1.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
PACCAR share prices have moved between a 52-week high of $67.17 and a 52-week low of $43.46 and are now trading 35% above that low price at $58.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of PACCAR on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.01. Since that recommendation, shares of PACCAR have risen 14.4%. We continue to monitor PCAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses paccar